Slide 1: 2007 Results Presentation
Silver Chef Limited chef hospitality equipment funding Rent. Try. Buy.° 2007 Results Presentation
Slide 2: Agenda
For personal use only Company Profile Core Market Position Geographical Presence 2007 Financial Highlights GoGetta Equipment Funding Strategy Outlook
Slide 3: Company Profile
For personal use only Financial products include Rent-Try-Buy® and Swift Option Gross rental return, net of depreciation, greater than 40% on average assets for last 3 years Highly predictable annuity style income streams 71% of FY08 rental income is under contract in FY07
Slide 4: Core Market Position
For personal use only 400 approved dealer networks nationally Continued strong market presence in QLD Southern States – VIC, NSW, SA and TAS – have grown and achieved critical mass Successful rebrand and launch of new website – www.silverchef.com.au Development of alternate brand – GoGetta Equipment
Slide 5: National Dealers
For personal use only National Dealers FY06 FY07 National dealer numbers increased by 45% Expansion to critical mass in Southern States
Slide 6: 2007 Financial Highlights
For personal use only Year ended Year ended Year ended 30 June 05 30 June 06 30 June 07 $ 000 $ 000 $ 000 Rental Income 8,576 15,726 21,300 Total Revenue 9,198 16,435 21,890 Net Profit Before Tax 1,126 2,619 2,426 Income Tax Expense (318) (810) (750) Net Profit After Tax (NPAT) 808 1,809 1,676
Slide 7: Result factors and underlying trading
For personal use only ! " Impairment loss of medical joint venture - $488,000 Non recognition of $700,000 income for student accommodation – TSPD. Increase in Fair Value of investment properties of $414,000 Underlying trading result is up 22%
Slide 8: Balance sheet highlights
For personal use only Repayment of $13.4 million in unsecured notes Conversion of $1.6 million of convertible notes into shares Increase in rental assets from $30.2 million to $40.1 million Total assets increased to $49.7 million
Slide 9: Monthly rental trend
For personal use only $000 - 500 1,000 1,500 2,000 2,500 Ju n- 05 # Au g- 0 5 Oc t-0 5 De c-0 5 Fe $ b- 06 Ap r- 0 6 Ju n- 06 Au g- 0 6 Monthly rental trend Oc t-0 6 De c-0 6 Fe b- 07 Ap r- 0 7 Ju n- 07
Slide 10: Profit before tax
! $% For personal use only Profit before tax for the year ending 3,000 2,500 2,000 $000 1,500 1,000 500 0 2004 2005 2006 2007
Slide 11: Capital structure
For personal use only & & Ordinary Shares 14,695,443 Convertible Notes 3,096,950 If converted at current Share Price 2,428,980 Ordinary Shares
Slide 12: For personal use only
Ang “Au, wey Burpuny juawdinbs Ayjeydsoy gO4d/or/s Ang ALL "JUAN juawudinbs Pe Ene 4 0 r) Co y oo oo” oAng ‘Aug “wey nosOs
Slide 13: GoGetta Equipment Funding
For personal use only '(& & A new brand that is relevant to the non-hospitality commercial equipment market Our brand’s mission is to get them what they need today so that they can achieve what they want tomorrow Our name is linked to our clients personal vision - entrepreneurs see themselves as a G
Slide 14: GoGetta Equipment Funding - The broader commercial equipment market
For personal use only GoGetta Equipment Funding - The broader commercial equipment market! Develop Alliance Partnerships in new industries and sectors Target Major Accounts and Franchises 10 minute turn-around approval time for applications 24/7 Increase web marketing to gain leverage in launching n
Slide 15: Outlook
For personal use only – ) *& Revenue growth from increased number of dealers and new products Continued expansion into immature markets eg. WA & SA Growth via broker strategy into broader commercial equipment market Strong dividend returns for shareholders (at least 12¢) Targeting profit growth of 3
Slide 16: FY08 forecast
For personal use only ) Rental Income $28.5 M Net Profit after Tax $ 2.2 M Earnings Per Share on current Ordinary Shares $ 0.15 / per share
Slide 17: Forecast growth summary
For personal use only $ Average 2005 2006 2007 2008 Increase Rental Income 8,576 15,726 21,300 28,500 50.9% Net Profit before Tax 1,126 2,619 2,426 3,157 51.8% Net Profit after Tax 808 1,809 1,676 2,210 49.5%
Slide 18: Thank you
For personal use only Thank you.